Women's Economic Empowerment through Microfinance - Role of Cooperative Banks of Maharashtra and Karnataka: A Comparative Analysis

Abstract

Economic empowerment is a critical driver for achieving gender equality, poverty reduction, and inclusive growth. This study examines the pivotal role of District Central Cooperative (DCC) Banks in empowering women through Self-Help Groups (SHGs) in Maharashtra and Karnataka. By analyzing secondary data from NABARD reports and other scholarly sources, the research compares the growth trajectories, savings patterns, and loan disbursement trends across the two states from 2018-19 to 2022-23. The findings reveal that Maharashtra experienced rapid SHG expansion and increased loan disbursement, while Karnataka maintained higher per-group financial support despite slower growth. The study underscores the importance of cooperative banks in enhancing financial access, promoting savings, and facilitating credit for women SHGs, ultimately contributing to their economic empowerment. Recommendations include targeted regional strategies, financial literacy programs, and digital banking solutions to sustain and expand women’s financial inclusion.